Invesco High Yield Select ETF (HIYS)
Invesco High Yield Select ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $25.82, up 0.04% on the session, giving a market capitalisation of $8.0M. Its beta of 0.60 implies it has historically moved less than the broad market.
The Invesco High Yield Select ETF operates as a professionally managed exchange-traded fund, with its primary objective being the generation of current income. To achieve this, the fund commits a substantial portion—specifically, a minimum of 80% of its net assets—to fixed-income instruments deemed to be of higher quality within the below-investment-grade category. Such investments encompass assets like corporate bonds and convertible securities. The fund designates these "higher quality" securities as those holding credit ratings between B- and BB+ (or equivalent ratings) as assessed by nationally recognized statistical rating organizations (NRSROs).
Invesco High Yield Select ETF is most often compared with the following Financial Services names: